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- MakaleAçık Erişim2021Scopus SJRQ3Relationship between Political and Financial Risks in Turkey: Evidence from Fourier Cointegration Analysis Regarding Institutional Structures; [Türkiye’de Politik ve Finansal Riskler Arasındaki İlişki: Kurumsal Yapılara Dair Fourier Eşbütünleşme Analizinden Kanıt]
Çiçen, Yıldırım Beyazıt
Institutional structure and quality of management are the main elements that form the political risks. Political threats are directly linked to the institutional structure and the institutional design. Political risks increase if the government mechanisms fail. Increasing institutional quality reduces the political risks and positively impacts the financial risks. Monthly data from different indices are used to analyse the relationship between Turkey's political risks and financial risks between 2002 and 2015. According to the Fourier analysis of cointegration, there is a long-term relationship between the political and financial risks. Besides, as per the Fully Modified Ordinary Least Squares (FMOLS) findings and the Dynamic Ordinary Least Squares (DOLS) models, an increase in the political risk increases the financial risk.
AtıfScopus2WoS1OpenAlex1TR Dizin1İncele - MakaleAçık Erişim2018AN ANALYSIS OF THE IMPACT OF INSTITUTIONAL STRUCTURE ON TOURISM IN THE MEDITERRANEAN COUNTRIES
Artan, Seyfettin; Hayaloglu, Pinar; Demirel, Selim Koray
Institutional economics literature suggests that inclusive institutions encourage economic growth by increasing efficiency in many sectors of the economy. Institutional structure also has effects on the tourism sector due to the confidential environment and incentives it brings. In this context, when studies on determinants of tourism are examined, it is remarkable that there are a number of studies on economic and social factors, but that there are limited studies about institutional determinants of tourism. This study investigates the causal relationships between institutional factors and tourism sector in nine Mediterranean coastal countries also including Turkey for the period of 1995-2015 by using Konya (2006) panel causality analysis. The results of the study using variables of corruption and democratic accountability as indicative of institutional structure reveal causal relations between tourism expenditures and institutional factors.
AtıfOpenAlex2İncele - MakaleYalnız künye2013The Role of Institutional Structure Explaining the Growth Differences across Countries: Panel Data Analysis
Artan, Seyfettin; Hayaloglu, Pinar
The question of why some countries grow faster than other countries is one of the main issues discussed by economists for many years. In recent years, institutional structure has been gaining increasing relevance in economic growth literature to explain growth differences across countries. In this study, the effects of institutional structure on economic growth analyzed for 110 countries using the panel data during the period 2000-2009 by using different indicators to represent the institutional structure. The results revealed that the effect of institutional structure on the economic growth differs by the development level. Moreover, institutional structure is one of the important determinants of economic growth especially in the developed countries.
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